MONOLITHIC POWER SYSTEMS Reports Profitable Earnings Results for FY2023 Q2
August 14, 2023
☀️Earnings Overview
On July 31 2023, MONOLITHIC POWER SYSTEMS ($NASDAQ:MPWR) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. The total revenue for Q2 was USD 441.1 million, a decrease of 4.3% compared to the same quarter of the previous year. Net income was USD 99.5 million, dropping by 13.2% year over year.
Price History
On Monday, MONOLITHIC POWER SYSTEMS (MPS) reported its financial results for the second quarter of fiscal year 2023. The company’s stock opened at $546.7 and closed at $559.5, an increase of 2.6% from its previous closing price of 545.6. This impressive growth was attributed to MPS’s strong presence in the rapidly growing automotive and renewable energy markets, as well as their successful acquisitions of smaller companies.
Overall, shareholders were delighted with MPS’s results for the second quarter of fiscal year 2023. With strong performance in both the automotive and renewable energy sectors, as well as effective cost management, MONOLITHIC POWER SYSTEMS continues to be a profitable and reliable business partner for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MPWR. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 452.73 | 24.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MPWR. More…
| Operations | Investing | Financing |
| 358.06 | -12.51 | -128.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MPWR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 381.53 | 38.63 |
Key Ratios Snapshot
Some of the financial key ratios for MPWR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.0% | 61.6% | 28.7% |
| FCF Margin | ROE | ROA |
| 17.2% | 18.3% | 14.9% |
Analysis
At GoodWhale, we strive to provide our users with the most comprehensive analysis of the wellbeing of a company. In particular, MONOLITHIC POWER SYSTEMS is an example of a company that we take a close look at. After examining different aspects of the company, including financial and business factors, we have rated MONOLITHIC POWER SYSTEMS as a medium risk investment. Although we have identified MONOLITHIC POWER SYSTEMS as a medium risk investment, our analysis has detected 2 risk warnings in their balance sheet, non-financial. If you would like to learn more about what these risks are, we invite you to become a registered user of GoodWhale and check out our services. More…
Peers
The company’s products are used in a variety of applications, including automotive, industrial, consumer, and communications. Monolithic Power Systems Inc’s primary competitors are NXP Semiconductors NV, ON Semiconductor Corp, and Texas Instruments Inc.
– NXP Semiconductors NV ($NASDAQ:NXPI)
NXP Semiconductors NV is a Dutch semiconductor manufacturer headquartered in Eindhoven, Netherlands. The company employs approximately 31,000 people in over 35 countries and has manufacturing, design, and research facilities in Europe, the United States, and Asia. NXP Semiconductors NV is a leading provider of automotive semiconductor solutions. The company’s products are used in a wide range of automotive applications, including infotainment, body electronics, powertrain, and safety. NXP Semiconductors NV also offers a broad portfolio of general purpose semiconductor solutions, including microcontrollers, digital signal processors, and memories.
– ON Semiconductor Corp ($NASDAQ:ON)
NXP Semiconductor Corp is a global semiconductor company that designs, manufactures and markets a wide range of semiconductor products. The company’s products are used in a variety of electronic devices and systems, including mobile phones, computers, digital consumer products, automotive electronics, industrial automation and control, and aerospace and defense. NXP Semiconductor Corp has a market cap of 26.65B as of 2022, a Return on Equity of 34.96%. The company’s products are used in a variety of electronic devices and systems, including mobile phones, computers, digital consumer products, automotive electronics, industrial automation and control, and aerospace and defense.
– Texas Instruments Inc ($NASDAQ:TXN)
Texas Instruments Inc has a market cap of 140.46B as of 2022, a Return on Equity of 62.22%. The company is a leading semiconductor manufacturer and its products are used in a wide range of electronics, from mobile phones to industrial equipment. TI’s chips can be found in everything from calculators and cars to the latest smartphones and gaming consoles. The company has a strong history of innovation and is one of the key players in the development of new semiconductor technologies.
Summary
MONOLITHIC POWER SYSTEMS reported their results for FY2023 Q2 on July 31 2023, with total revenue of USD 441.1 million, a decrease of 4.3% year over year, and net income of USD 99.5 million, a decrease of 13.2%. Investors should keep an eye out for any further developments in the company’s performance and strategies, as well as any changes in the competitive landscape. In the meantime, analysts are recommending to approach MONOLITHIC POWER SYSTEMS with a cautious outlook due to the recent decline in earnings and revenue.
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